Insider Sell: Chief People Officer of Datadog Inc (DDOG) Sells Shares
Datadog Inc (NASDAQ:DDOG), a cloud-based monitoring and analytics platform that provides developers and IT teams with visibility across the stack to improve application performance and drive business outcomes, has reported an insider sell according to a recent SEC filing.Madre De, the Chief People Officer of Datadog Inc (NASDAQ:DDOG), sold 8,552 shares of the company on March 13, 2024. The transaction was disclosed in an SEC Filing.Over the past year, the insider has sold a total of 92,107 shares and has not made any purchases of the company's stock. This latest transaction continues a trend of insider sells at Datadog Inc, with a total of 94 insider sells and no insider buys reported over the past year.
On the day of the insider's recent sell, shares of Datadog Inc were trading at $123.39, giving the company a market cap of $40.704 billion. The price-earnings ratio of the company stands at 1,022.08, which is significantly higher than the industry median of 27.79. However, it is lower than the company's historical median price-earnings ratio.
According to the GuruFocus Value, with a price of $123.39 and a GF Value of $146.07, Datadog Inc has a price-to-GF-Value ratio of 0.84, indicating that the stock is modestly undervalued based on its GF Value. The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.The insider's recent sell may attract the attention of investors who track insider behaviors as part of their investment strategy, especially considering the stock's current valuation and the ongoing pattern of insider sells at Datadog Inc.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
